Kenya Government outlines turnaround plan for Kenya airways

The Kenyan government is all set to withdraw the financial support of Kenya Airways by the end of the year under a turnaround plan, according to a brief note in its draft 2023 Budget Policy Statement. The airline has been making loss since the COVID-19 pandemic. To support the aviation industry, the government will develop a turnaround strategy for Kenya Airways. A critical plank of this strategy will be a financing plan that does not depend on operational support from the exchequer beyond December 2023,” the statement said. In May 2022, the Kenya government approved a state loan of $173.9